It is estimated that up to sixty percent of the world's money may be located offshore, where half of all financial transactions are said to take place; however, there is a perception that secrecy about offshore is encouraged to obfuscate tax evasion and money laundering. McCann provides a detailed analysis of the global offshore environment, outlining the extent of the information available and how that information might be used in assessing the quality of individual jurisdictions, as well as examining whether some of the perceptions about 'offshore' are valid. He analyses the ongoing work of the Financial Stability Forum, the Financial Action Task Force, the International Monetary Fund, the World Bank, and the Organisation for Economic Cooperation and Development. The book also offers some suggestions as to what the future might hold for offshore finance.

A detailed analysis of the global offshore environment.

About the Author
Hilton McCann is the Deputy Chief Executive of the Financial Services Commission, Mauritius.


Book Information
ISBN 9780521123594
Author Hilton McCann
Format Paperback
Page Count 564
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 820g
Dimensions(mm) 229mm * 152mm * 32mm